TLM724 Update

01/28/2014


TLM724

Claims is implementing a project to link the divided national banks unified communications network
https://www.dinardaily.net/t31011-claims-implementing-a-project-to-link-the-divided-national-banks-unified-communications-network#201754

[tlm724] The Central Bank of Iraq tell us about the end of all the technical measures and logistics for the implementation of the project divided the national private local banks, but it has so far not been implemented on the ground

[tlm724] the end of all the technical measures and logistics

[tlm724] calling to finalize the actual implementation The project being one of the important projects in the country


[tlm724] that the project includes connecting local banks network unified communications managed by a global company advanced contracted by the central bank

[tlm724] so as to facilitate the banking business using the latest techniques and make the banking sector works in accordance with the developments in global banks.

[rsp1] Looks to me like the banks are ready to roll...

[tlm724] hey I think this is awesome ! I love seeing that all the systems are ready ! Get her launched and the banks will be ready for whatever needs to be done

[tlm724] The project being one of the important projects in the country *hallelujah* *hallelujah* I did a chat on this very subject on Oct 27th 2013 and many said this was already done ! They were wrong !!
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Urgent...Cabinet gives full five dollars for the provinces of the petro-dollar oil project
https://www.dinardaily.net/t31004-cabinet-gives-full-five-dollars-for-the-provinces-of-the-petro-dollar-oil-project#201745

[tlm724] Minister of Finance announced the agency purity of net debt that "the government would borrow 9 trillion dinars to pay off the petro-dollar project funds allocated to the provinces, if approved by the House of Representatives," likely "the issuance of bonds to cover the budget deficit, estimated at 23 trillion dinars

[tlm724] see the FC is going to take care of this, the oil producing provinces will get their 5 bucks, just need to work out the other details of the budget, they are getting there ! That $5 was a big point of contention so seeing it resolved is great !

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Parliament: the petro-dollar cut 6% of the budget and there are 3 scenarios to get out of its crisis
https://www.dinardaily.net/t31005-parliament-the-petro-dollar-cut-6-of-the-budget-and-there-are-3-scenarios-to-get-out-of-its-crisis#201746
[tlm724] The Minister of Finance and serenity net debt agency announced the possibility of borrowing the government's 9 trillion dinars in order to repay the petro-dollar funds allocated to the provinces, if approved by the House of Representatives on it.

It stresses Yasiri that "the allocation of petrodollars acquired right and government is obliged to repay debt and remains in the event of lack of funds," likely "the issuance of bonds to cover the budget deficit, estimated at 23 trillion dinars."

[tlm724] likely "the issuance of bonds to cover the budget deficit, estimated at 23 trillion dinars.

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Economy parliamentary demanding industrial implementation of the plan to support the private sector
https://www.dinardaily.net/t31006-economy-parliamentary-demanding-industrial-implementation-of-the-plan-to-support-the-private-sector#201747

[tlm724] citing the need to speed up their implementation with control steps of the implementation process to activate the private sector and the advancement of the domestic industry.

[tlm724] speed it up come on Iraq ! you can do this thing, you have the money !

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Check local banks grew by more than 15% during 2013
https://www.dinardaily.net/t31007-check-local-banks-grew-by-more-than-15-during-2013#201749

[tlm724] that banking activity during the past year was positive

[rsp1] 15% positive

[tlm724] despite what has happened in some of the private banks and the problems of special things work, but it was able to increase its capital and expand their financial positions

[tlm724] , especially in the volume of deposits at banks, and this is what lifting of financial balance and make them able to finance projects and business development in the country

[tlm724] people are starting to make deposits

[rsp1] *hallelujah*

[tlm724] which will also increase the amount of loans , capital , commerce etc...

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Specialists: the budget implementation plans require court
https://www.dinardaily.net/t31008-specialists-the-budget-implementation-plans-require-court#201750

We propose here that form a committee of competent experts from the Office of Financial Supervision and the Ministry of Planning and Economic Committee of the Council of Ministers and the Departments of Budget and Accounting in the Ministry of Finance to monitor the performance of the implementation of the investment plans of the ministries and provinces and to provide monthly reports on the level and size of the performance to the Council of Ministers and the Presidency of the parliament in order to overcome obstacles to the implementation plans.

[tlm724] that oversight is so necessary right now

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Call to amend the mechanisms of action of taxes
https://www.dinardaily.net/t31009-call-to-amend-the-mechanisms-of-action-of-taxes#201751

[tlm724] by adding a new paragraph provides exemption from income tax for the stakes kind of corporate capital when company registered with the Registrar of Companies, considering that the implementation of this The proposed there will be a great boost in investment activity

[tlm724] that should do it too , nothing like tax exemption to get investors attention

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Bankers: Reform requires the confidence of the private banks 1/28/2014
https://www.dinardaily.net/t31010-bankers-reform-requires-the-confidence-of-the-private-banks#201753

[tlm724] restructuring and said that the achievement of the restructuring of the banking system in general, both governmental and private requires procedures and continuous follow-up, pointing to the need for legal reform of the banking sector , noting that it will lead to improving the performance of Iraqi banks and improve the reputation of local and global noting that it will not work on activating the economic role unless it is make the necessary adjustments in the Banking Act that are consistent with the requirements of the Iraqi economy is growing.

[tlm724] gotta get that new banking law going